He can build cars but can't drive? Dude's like I don't need no stinkin insurance

[theking]

..because I can easily pay for the damages and repairs myself  :

Elon Musk Spent $1 Million On A Super Rare McLaren F1 But Then Crashed It Trying To Impress Peter Thiel — And The Worst Part Is, The Car Wasn't Insured
In the high-octane world of tech billionaires, Elon Musk is known for pushing boundaries, both in technology and in life. One incident involves crashing a super rare McLaren F1, highlighting his fearless approach to risk. This time, though, his daring move ended with a bit more than just a thrill.

The story, which Musk shared with Sarah Lacy at PandoDaily, dates to the late 1990s. Fresh off the sale of his startup Zip2 for more than $300 million, Musk decided it was time to indulge in the finer things in life. And what could be finer than the McLaren F1, a car that at the time was one of the fastest and most exclusive in the world? With only 106 ever made, owning a McLaren F1 was a dream for many but a reality for very few. The car’s price tag hovered around $1 million, a steep climb from its original price but a drop in the bucket for Musk.